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Economic Expansion and Climate Change: Reworking the Modern Economic Framework

The relationship between economic expansion and climate change is a complex and urgent issue. While economic growth has historically been associated with improved human welfare, it has also led to significant environmental degradation, contributing to global climate change. Traditional economic models, which prioritize GDP growth, often fail to account for the environmental costs of this expansion. In response, new frameworks like Doughnut Economics propose a shift towards a more sustainable and inclusive economy that balances human needs with planetary boundaries, emphasizing well-being and environmental sustainability over mere economic growth.

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The relationship between economic expansion and climate change is a complex and urgent issue. While economic growth has historically been associated with improved human welfare, it has also led to significant environmental degradation, contributing to global climate change. Traditional economic models, which prioritize GDP growth, often fail to account for the environmental costs of this expansion. In response, new frameworks like Doughnut Economics propose a shift towards a more sustainable and inclusive economy that balances human needs with planetary boundaries, emphasizing well-being and environmental sustainability over mere economic growth.

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